Tetra Tech (TTEK) Set to Announce Earnings on Wednesday

Tetra Tech (NASDAQ:TTEK - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.31 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same period last year, the business posted $1.34 EPS. On average, analysts expect Tetra Tech to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Tetra Tech Stock Performance

Shares of TTEK traded up $0.35 during trading hours on Wednesday, reaching $189.29. 230,785 shares of the company traded hands, compared to its average volume of 260,887. Tetra Tech has a 1-year low of $132.29 and a 1-year high of $194.99. The stock has a market cap of $10.13 billion, a P/E ratio of 43.63 and a beta of 0.96. The stock's fifty day moving average is $183.80 and its 200 day moving average is $169.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were given a $0.26 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.55%. Tetra Tech's dividend payout ratio is currently 24.07%.

Analyst Upgrades and Downgrades

TTEK has been the subject of several research reports. Royal Bank of Canada raised their target price on Tetra Tech from $192.00 to $203.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. KeyCorp assumed coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They set an "overweight" rating and a $191.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $197.25.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director J Kenneth Thompson sold 8,400 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the completion of the transaction, the director now owns 14,485 shares in the company, valued at approximately $2,390,025. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Steven M. Burdick sold 7,515 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the transaction, the chief financial officer now owns 29,890 shares in the company, valued at approximately $5,250,776.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Kenneth Thompson sold 8,400 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the transaction, the director now directly owns 14,485 shares in the company, valued at approximately $2,390,025. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,123 shares of company stock worth $5,487,673. Company insiders own 0.61% of the company's stock.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.